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This guy estimates OPEN is worth about $73. Interesting
https://seekingalpha.com/article/4507195-opendoor-stock-ultimate-stock-for-high-inflation-environment?mailingid=27608383&messageid=must_reads&serial=27608383.448535&utm_campaign=Must%2BRead%2BMay%2B5%2C%2B2022&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads
I'm surprised we haven't seen a nice pop on this news.
Yes, I agree.
Still holding.
I was going to bail at $80, but this baby is going to $100-$110 IMO. Hard to sell with that beautiful divi coming in and the buyback planned.
Thacker Pass court win is huge!
Hard to buy in at these levels but oil historically goes higher in the summer so who knows?
Not that I've seen. Not sure we're at split levels yet and there is an awfully large float that a split wouldn't make sense to me, but what do I know?
I think I finished loading up. Hopefully this heads back to the $20's by summer.
Dare I say this could reach the $100's by summer? Yes I dare!
I'm liking the sound of a $10B share buyback. At today's prices, that's about 125M shares.
Exactly
I hear people saying "buyout" on just about every junior company stock. Someone brings it up every time, and usually tries to say it will either be Apple, Google, or Amazon that does it. It's so predictable.
Love my Windsor. Amazing power for a 50 yo engine. Will put a 427 in eventually.
Hopefully OPEN will get you the profit to buy a new project soon!
Me too, but I believe it will turn around next year. Just got another 1k shares to average down.
BTW, My 69 Mach has the original 351. What year is your car?
Well, he’s not wrong
Seems like it. I’m hoping it drops further into the $20’s.
I do think I will sell if it reaches $80
I hope so. Sold at $45 and looking for an entry point.
Yes. I looked at their website and noticed they’re only in a handful of states right now.
It will take time, but either by way of growing slowly over time, or via buyout by Amazon (not likely), they will be a mega business in 5-10 years.
One thing will always be true. No matter how advanced technology becomes, and how many businesses will become obsolete because of it, people will always need homes to live in. OPEN’s business model is impervious to change.
Question for those in the know: What was the reason for the drop from $60~ to current levels and what will it take to return to those levels?
When I initially got this stock a few months ago, it was at $25. Has not reached that level since and I was a little frustrated. But I see it has a decent BB between $16-$24 ish. Today was the first day I added on a dip and more than doubled my position, averaging down.
There are 2 main factors that gives me much confidence this is a good investment. 1, That Zillow is out of the equation, which means those potential customers will go with Open. 2, The YoY growth is phenomenal. That can only improve. The upcoming generations who will be in a position to buy a house in the short and long term future live and die on the internet. This "Amazon" generation will be completely comfortable at buying a house online, and will actually prefer it. I'm 47 and I would prefer that myself.
That's a great summary. Just a matter of time before this takes off.
Not necessarily stupid to take a profit. The exchange of shares will help the continued upswing, as long as there's more buyers than sellers obviously...
Go LCID!!!!!!!
All I can say is I've owned it since $5 and change and it's been very steady and reliable. It's at an all time high now and I don't know how much room it has to grow from here.
That being said, the company seems to make all the right moves to stay relevant and provide top quality product to its customers. They have a great balance sheet and currently remain attractive to investors.
Do your own DD to see if it works for you.
It's smart. Only the wealthy can afford it now. As they build more affordable models, the middle class will jump at the chance to get one for the image of getting a "rich person's car" alone.
That was the business model Tesla followed and LUCID is following suit.
Question for anyone in the know: What was the reason for the price drop from $100ish a share?
We are at the ground level of what will be a very good company for years to come!
https://www.foxnews.com/auto/lucid-air-car-of-the-year-motor-trend
And so? There was no reason for the cship in the first place as the documents have revealed. But that hasn't stopped the courts from siding with the gov.
Haven't seen anything in particular which would make it pop like this. Did I miss something?
Theoretically the executive branch cannot interfere with the judicial system....I repeat, Theoretically.
I agree, but the less competition, the better in this case
LOL
I hate this stock. In the words of the Godfather, "Just when I thought I was out, they pull me back in!"
This is very significant in regards to LCID. If the wheels fall off of Tesla (pun intended), something will need to take its place in the EV market. Right now, the only thing that will knock Tesla off its high horse is Tesla. If they self destruct, or even slightly weaken, through some kind of internal turmoil, that can only benefit LCID.
https://www.engadget.com/tesla-must-pay-ex-worker-137-million-in-discrimination-lawsuit-075729021.html
I like the sound of that.
So far, the only ones who truly profited from this investment are the lawyers.
I don't know anything about those other companies, but we must take into consideration LAC hasn't actually produced anything yet. the SP is all on speculation/potential.
Wait until it starts to actually sell lithium.
Yes, and I have a feeling that Lucid isn't satisfied with being the current range top dog. I'm positive they will continue to put R&D into improving this benchmark and not want to relinquish the top spot to anyone.
I can see Lucid taking the crown from Tesla in the near future.